San Rafael, CA (PressExposure) May 02, 2009 -- Tax reduction expert Murray Bradford today directed small business owners to an article that walks them through the steps they can take to claim a trip on a cruise ship as a business expense on their taxes. Titled "How Safe-Harbor Rules Can Audit-Proof Your Cruise to the Caribbean," this Tax Reduction Letter article normally accessible only to Bradford Tax Institute subscribers is temporarily available in the Free Resources of tax advice section on the site. It is also one of the 171 tax-lowering strategies in "Tax Strategies for the Self-Employed (2009)," Bradford's do-it-yourself tax course tailored to one-owner and husband-and-wife businesses.
"Small business owners need a resource where they can go to unearth arcane, helpful information on tax law," said Bradford, whose expertise in tax reduction comes from 30 years in accounting, including a lengthy stay at Price Waterhouse. "Few, for instance, would probably know that, given the proper conditions, they can write off a trip on a cruise ship as a business expense. Small business owners are too busy running their own operations to remain current on the latest minutia in tax law--even when that minutia can save them money. Not all accountants, even, are aware of all the possibilities. It is therefore intuitive to provide a resource full of this information."
Publisher of the Tax Reduction Letter every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategies businesses. Quoted in national publications such as The Wall Street Journal and featured on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice.
Bradford's article provides detailed guidance to small business owners so that they can determine whether or not a cruise may be considered a tax deduction, such as:
â¢ How safe harbor rules protect cruise ship deductions for trips outside the United States â¢ How the law classifies each day of a trip as business or personal â¢ How the law applies special cruise and other rules to conventions, meetings and seminars â¢ Rules for substantiation that produce audit-proof deductions â¢ Two ways to make a spouse's trip deductible â¢ A rule to follow for cruise travel within the United States
"The way to capitalize on unconventional tax savings is to become familiar with the rules that make them possible," said Bradford. "The problem with this, typically, is that most information on tax law is written for accounting pros who understand the jargon that others probably do not. But articles for the Tax Reduction Letter are different in that they present the material in a layperson's terms and yet annotate the details for those wishing to learn more, thus making the information readily accessible to a broad spectrum of people who might benefit from the knowledge."
Bradford's "Tax Strategies for the Self-Employed (2009)" is designed to help one owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. The annual tax reduction course reveals 171 tax lowering strategies that draw on Bradford's expertise from 30 years in accounting. Readers may order Bradford's tax-saving course now, or they may first watch a video that shares seven free insights into reducing and audit-proofing their taxes.
Possessing expertise in just about every aspect of taxes for small business, Bradford provided a tutorial on incorporation on YouTube, walking viewers through the questions they should ask themselves before they decide whether or not to convert to an S Corporation.